Member Info for kulabkhan

First gold pour 9 months ago, agreement with majority shareholder Bahar is stalled and no cash paid out. It'l be fine or ?

Stratex had 10 times that cash in the Bank 2013 plus sale of Oksut NSR now running out exactly how much cash has Stratex received at Altintepe ? Still in negotiation 5 years after an 'agreement'

The agreement we were told was made 5 years ago? but is to change and unlikely to be better when additional capital costs and Mine closure costs are under discussion ?

Re lie able ? Source. Really ? Total Rubbish. There has been deafening silence from Stratex for months and if your re lie able source were real it would be insider information. Unlikely material for a BB and Internet . Beware such rubbish probably due bored desperation ramping with no news.

Correction 20.8 pence dividend over the coming year

Dividend increased to 5.2 pence a quarter. Equivalent to 20.4 pence over the coming year.

Suspect when Altintepe updates come, they may include a re-jigged deal with cost changes.

Court Case may restrict area to be mined and further increase costs of production . Years without clarity leads to doubts. Surely this is now resolved but no RNS as usual

Per the above and below we do not know what share of Revenue Stratex may have ? Not until we know what further deductions are to be made over and beyond the $39million supposedly agreed but after 5 years undone

The ups and downs of POG apply to any and many much better rated gold shares that have known and not unknown cash flow. Do they not.

I am sorry that is a ridiculous reply The agreement had been fixed 5 years ago 20% net until Bahar recover $39million costs then 45% Now in fact there suddenly is no agreement as decommissioning and working and development capital were in fact never agreed. There is now no Known agreement until we get a full update !

For Heaven's sake DYOR As per the terms of the Joint Venture agreement (Press Release dated 6th December 2011), partner company Bahar Madencilik is entitled to recover its pre-production costs (including US$39 million construction costs) from 80% of the net free cash flow; thereafter the net proceeds will be distributed 55% Bahar, 45% Stratex. The Company is working closely with Bahar to optimise the mine development schedule and to determine the requirements for working and development capital through to eventual mine closure, after which consideration can be given to the sustainable future disbursement of net cash to Bahar and Stratex (to the extent possible) throughout the life of the mine.

Stratex future price is as unknown as the Unknown Update where it has been indicated that partner Bahar is intending to make further deductions from Stratex current 20 percent net share. DYOR indeed

Until there is a production update including what additional deductions may be made by Bahar. There remains complete uncertainty about any cash flow accruing to Stratex.

Deserves to go nowhere without an Altintepe production and costs update

Meantime with pathetic interest rates and even going negative on 'safe' bonds what's not to love about an HFEL dividend of over 7 percent based on some of the healthiest free cash flow companies anywhere. growing year on year.

Dividend today 7.2392 % With some prospect of increase in August quarter ?

No news from the company. That is the reality.

HFEL largest investment is in Australia, South Korea, Singapore and countries spread across Asia including China and India. Apparently this region has companies with the highest free cash flow across the globe. Thus HFEL can sustain and grow their high dividend yield. Yes agreed a useful hedge again the European mess with an added dividend reward.

Mike Kerley HFEL investment manager has said he is positive about the prospects for dividend growth in 2016 pointing to the high levels of free cash flows in the companies HFEL hold investments in. My supposition that August has been a traditional time for HFEL to increase their dividend and therefore probable. HFEL have a strong record of dividend increases.